A discretionary fund manager born out of a Chartered Financial Planning firm claims that five new passive portfolios it is launching today are the “cheapest in the UK”.

Today marks the final staging date for automatic enrolment after its launch in 2012 with 9 million enrolled so far.

Chartered Financial Planning firm John Lamb has launched a new wealth management business.

Dentons Pension Management Limited, one of the UK’s larger providers and administrators of SIPPs, has acquired Sippchoice, a London-based SIPP provider for an undisclosed sum.

Gretchen Betts CFP Chartered MCSI has been appointed President of the Chartered Institute for Securities & Investment Wales branch.

Samrat Bhandari, who played a prime role in an investment scam which cheated often vulnerable investors out of over £1.4m, has been sentenced today at Southwark Crown Court to a total of 3.5 years’ in prison.

New research from the Association of Investment Companies into the UK Equity Income investment company sector has found that the investments - recently questioned by some - can provide long term value for income-seeking investors in retirement who also want to build up a lump sum to potentially pass on.

Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.

National financial adviser group LEBC has reported annual turnover up 17.5% to £18.1m and a trading profit of £3m, up 42.8%.

Latest figures from the Financial Ombudsman Service suggest SIPPs complaints in the current Ombudsman year will be 25% up on the previous year.